Business giants will cooperate in next-generation nuclear reactor supply chainKorea Hydro & Nuclear Power (KHNP) announced on April 26 that it had joined hands with SK Inc, SK Innovation, and TerraPower for the small modular reactor (SMR) business.As the SMR industry is known as the next-generation
SK units have become shareholder of US TerraPowerSK Group’s two affiliates of SK Corp and SK Innovation announced on Aug. 16 that the two had finished investing 300 billion won ($250 million) in TerraPower based in Bellevue, Washington.Microsoft co-founder Bill Gates established TerraPower in the la
Korea’s top oil refiner chalks up solid performances in 2022SK Innovation, a top-tier oil refiner in South Korea, announced on April 29 that the Seoul-based company had racked up the sales of 16.26 trillion won ($12.84 billion) in the first quarter of 2022, up 72.92 percent from a year ago.The compa
SK Innovation will join hands with FordSouth Korea’s battery manufacturer SK Innovation said on May 21 that it will team up with U.S. automaker Ford to set up a joint venture and build a battery factory for electric vehicles.Toward that end, the two outfits signed a memorandum of understanding (MOU)
Two Korean battery makers make last-ditch settlementLG Energy Solution and SK Innovation managed to avoid the worst-case scenario as two South Korean battery makers managed to reach an agreement on April 11, just ahead of the deadline.The two companies announced that they signed the agreement under
Georgia governor urges White House once againGeorgia Gov. Brian Kemp asked U.S. President Joe Biden this week to overturn the International Trade Commission (ITC) verdict on Korea’s rechargeable battery maker SK Innovation.In February, the U.S. trade panel ruled against SK Innovation, which is accus
ITC rules in favor of SK in round 2Korea’s SK Innovation defeated its cross-city rival LG Energy Solution in a battery patent conflict as the International Trade Commission (ITC) ruled in favor of the former this week.In an initial determination, the U.S. trade panel refused to accept LG’s claims th
The amount expected to be multi-million dollarsKorea’s battery giant LG Energy Solution is practically asking for multi-billion-dollar compensation from its cross-city competitor SK Innovation after a recent U.S. ruling.The U.S. International Trade Commission (ITC) concluded in February in favor of
SK Innovation to face a 10-year export ban to USSK Innovation, Korea’s rechargeable battery giant, will face a 10-year export ban for some of its lithium-ion battery products to the United States based on the decision of a U.S. trade panel.The U.S. International Trade Commission (ITC) recently uphel
United States ITC rules in favor of LG over SKSouth Korean electric vehicle (EV) battery maker LG Chem practically wins out in the year-long legal battle in the Untied States and here against its crosstown rival SK Innovation.LG Chem said February 16 that the U.S. International Trade Commission (ITC
SK accuses LG of reneging on 2014 patent dealSK Innovation renewed its claim that LG Chem reneged on a patent deal between the two rechargeable battery makers, which are stuck in lawsuits in the United States and Korea.This time around, the former disclosed an agreement with the latter that was sign
2nd-round lawsuit between two battery giants starts in USLG Chem, one of the world’s top battery suppliers for electric cars, brought its cross-city rival SK Innovation to a U.S. court, claiming theft of its trade secrets.LG Chem said that it filed suits with the United States International Trade Co